Blue Ridge Bankshares, Inc.
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BLUE RIDGE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF BLUE RIDGE BANKSHARES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – BRBS
July 15, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) and FVCBankcorp, Inc. is fair to Blue Ridge shareholders. FVCBankcorp shareholders are expected to receive Blue Ridge common stock in connection with the merger. Upon closing of the transaction, Blue Ridge shareholders will own approximately 52.5% of the combined company on a fully diluted basis.
The investigation concerns whether Blue Ridge and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Blue Ridge shareholders; and (2) disclose all material information necessary for Blue Ridge shareholders to adequately assess and value the merger consideration. On behalf of Blue Ridge shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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